Hong Kong shares rose on Thursday, supported by gains in mainland markets as Beijing pledged to deepen structural reforms and curb risks to its financial system while maintaining steady economic growth in 2018. The pledges came in a statement following China's annual Central Economic Work Conference.
At close of trade, the Hang Seng index was up 132.97 points or 0.45 percent at 29,367.06. The Hang Seng China Enterprises index rose 0.79 percent to 11,596.94. The sub-index of the Hang Seng tracking energy shares rose 1.1 percent while the IT sector rose 0.78 percent, the financial sector was 0.74 percent higher and property sector dipped 0.31 percent.
The top gainer on Hang Seng was Ping An Insurance Group Co of China Ltd up 2.62 percent, while the biggest loser was Wharf Real Estate Investment Co Ltd, down 1.80 percent. So far this year, the Hang Seng index is up 32.88 percent, while China's H-share index is up 22.5 percent. As of the previous close, the Hang Seng has risen 0.19 percent this month.
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